Core Viewpoint - The China Securities Regulatory Commission (CSRC) is focusing on enhancing market stability, promoting high-quality development of public funds, and improving regulatory effectiveness following the recent Central Economic Work Conference [1] Group 1: Market Stability - The CSRC aims to fully implement a long-term assessment mechanism for medium and long-term funds to enhance the inherent stability of the market [1] - There is a strong emphasis on the development of equity public funds and promoting high-quality development of index-based investments [1] Group 2: Reform and Attractiveness - The meeting highlighted the need to promote high-quality development in the private equity fund sector [1] - The CSRC plans to expedite the pilot program for commercial real estate REITs and explore the introduction of new key futures products [1] Group 3: Regulatory Effectiveness - The CSRC is committed to strengthening regulatory enforcement through technology and will continue to combat financial fraud, insider trading, market manipulation, and misappropriation of private equity fund assets [1] - There is a push to introduce new regulations for listed companies and actively cooperate in revising laws and regulations in key areas such as securities companies and investment funds [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the need for strict supervision and enhanced regulatory enforcement in response to the recent Central Economic Work Conference and national financial system meetings [1] Group 1: Regulatory Measures - The CSRC plans to strengthen regulatory enforcement by leveraging technology to combat financial fraud, insider trading, market manipulation, and misappropriation of private fund assets [1] - There is a focus on the introduction of new regulations for listed companies and collaboration on revising key laws and regulations in the securities and investment fund sectors [1]

人民财讯12月15日电，近日，中国证监会党委书记、主席吴清主持召开党委(扩大)会议，传达学习中央 经济工作会议精神，结合全国金融系统工作会议要求，研究部署证监会系统贯彻落实举措。会议强调， 坚持严监严管，切实提升监管执法效能。强化科技赋能监管，继续重拳惩治财务造假、内幕交易、市场 操纵、挪用侵占私募基金财产等证券期货违法违规行为。推动出台上市公司监管条例，积极配合修订证 券公司、证券投资基金等重点领域法律法规。 ...

| 牛證街貨 | | | - 恒指牛熊證期指張數比例 - | | | 熊證街貨 | | --- | --- | --- | --- | --- | --- | --- | | 60.64% | | | | | | 39.36% | | (12,589張) | | | (以相對期指張數計算) | | | (8,171張) | | 指數區域 | | 相對期指張數[括號內為一日變化] | | | 信證精選 | 實際槓桿 | | 26,700 - 26,799 | 136(+10) | | | | 54865 能 | 21.6 | | 26,600 - 26,699 | 186(+23) | | | | 55112 能 | 22.8 | | 26,500 - 26,599 | | 720(+127) | | | 55113 HE | 25.5 | | 26,400 - 26,499 | 291(-9) | | | | 55864 能 | 28.4 | | 26.300 - 26.399 | | 600(+88) | | | 55466 龍 | 31.9 | | 26,200 - 26,299 | | 497(+121 ...

Group 1 - The core viewpoint emphasizes the transformation and growth of Gansu's capital market, highlighting the shift from quantity to quality in development, driven by regulatory support and strategic initiatives [1][2][6] - Gansu's capital market has established a multi-tiered system that supports enterprises of various sizes and stages, facilitating their access to capital [3][4] - The province has seen significant growth in its capital market, with 2 new A-share listings and 5 new companies on the New Third Board since the beginning of the 14th Five-Year Plan, indicating a positive trend in market activity [3][4] Group 2 - Gansu's capital market development is integrated into the broader economic strategy, with initiatives aimed at removing institutional barriers and enhancing service mechanisms for high-quality growth [2][3] - The establishment of the Gansu service base for the National Equities Exchange and Quotations (NEEQ) allows local companies to access professional capital market services more easily [3] - The province's listed companies have shown improved performance, with total revenue increasing from 1774.2 billion to 2331.59 billion, a year-on-year growth of 31.42% [4][5] Group 3 - Gansu's capital market has facilitated direct financing of 587.2 billion, with 243.51 billion coming from equity financing, supporting key industries such as technology and energy [7][8] - The province has implemented various financial projects, including 293 "insurance + futures" initiatives, benefiting over 440,000 farmers [7][8] - The bond financing landscape has improved, with a 15.88% year-on-year increase in trading volume, and the average interest rate for bonds has decreased to 2.20%, reducing financing costs for enterprises [8] Group 4 - Mergers and acquisitions have played a crucial role in enhancing the operational capabilities of Gansu's companies, with significant asset restructuring leading to diversified energy services [4][5] - The focus on technological innovation has resulted in a cumulative R&D investment of 201.45 billion, marking a 50.49% increase compared to the previous five-year period [5][6] - Gansu's capital market is expected to continue driving industrial transformation and upgrading, positioning itself as a key player in the region's economic development [8]

◎记者 李少鹏 当河西走廊的"大风车"迎风旋转，绿色电能便源源不断输送到祖国各地；当东部的数据洪流穿越山河涌 入陇东的机房，黄土地上的青年拿起鼠标，为无人驾驶进行精准标注……传统能源企业加速转型、战略 性新兴企业茁壮成长、民营企业持续释放创新动能。"十四五"以来，陇原大地资本市场改革浪潮奔涌向 前。 围绕企业挂牌上市"玉如意"计划，一张覆盖甘肃省14个市州的资本市场培育网络悄然铺开。"资本市场 市州行"活动走遍陇原角落，政策宣讲面对面、业务培训手把手、问题解答点对点，为企业送上"一站 式"服务。123家企业组成的后备资源库梯度分明，63家重点企业通过走访调研理清发展思路，曾经"不 敢上市、不会上市"的顾虑逐渐消散。 进一步来看，全国股转公司（北交所）甘肃服务基地落地生根，让企业在家门口就能享受到专业资本市 场服务。甘肃股交中心"专精特新"专板获批建设，计划年内开板服务50余家企业，为中小企业对接资本 市场搭建起 "快车道"。 五年耕耘，甘肃资本市场日益壮大。从主板到新三板再到"四板"，多层次资本市场体系如同阶梯，让不 同规模、不同发展阶段的企业都能找到成长的"赛道"。 统计数据显示，"十四五"以来，甘肃市场培 ...

廖卓指出，广州投资顾问学院作为全国首家买方投顾专业培训机构，两年以来收获业内高度认可。此次 协会联合学院推出的公益课程，旨在赋能从业人员成长，希望参训学员深耕细研、学以致用，以专业能 力践行使命，共同为广东资本市场高质量发展注入新动能。 朱晓昱表示，在低利率、净值化背景下，以买方投顾为牵引的财富管理转型已从"理念共识"全面迈 入"实践攻坚"。本次公益课经广泛调研，聚焦提升一线人员专业素养与实操能力。未来学院还将推出公 益投教活动，助力学员学有所获、业有所进，共同推动行业提质增效。 2025年以来，随着资本市场投资端改革深化和财富管理行业向买方投顾模式加速转型，以客户利益为核 心的资产配置能力成为行业竞争新焦点。 12月5日，广东证券期货业协会联合广州投资顾问学院主办的"买方投顾业务系列公益课程第一期——大 类资产配置及投资组合构建专题培训"在广州成功举办。广东证券期货业协会会长廖卓与广州投资顾问 学院董事长朱晓昱出席活动并致辞。本次课程采用"线下 + 线上"联动模式，线下会场参与人数超80人， 线上直播观看人次近4.49万，引起行业广泛关注。 买方投顾转型已从"理念共识"迈入"实践攻坚" 广东证券期货业协会会 ...

本期聚焦： 实时数据—— 成就前台交易的决胜优势 除了价格数据，那些曾被划归后台的信息，如今正成为驱动股票市场的关键力量。股价在1 6 个公开交易所间快速跳动，而私有交易场所的成交记录则在数秒后方才显现。与此同时，当 日到期期权足以让一则新闻头条瞬间引发1%的市场波动；而诸如Bl u e Oc e a n Se ssi o n（一 个在亚太地区工作时段运行的美股另类交易系统）这样的隔夜交易时段，则能让突发事件在 美股常规开盘前就早已撼动其价格。此外，随着芝加哥期权交易所全球市场 (Cb o e Gl o b a l Ma r k e ts) 计划推出2 4 / 5的美股交易，以及欧美两地多个新交易所的潜在启动，交易速度势 必将进一步加快。 在此背景下，本文将探讨一个 整合了"实时价格"与"机器可读事件"的统一数据流，如何助 力交易台在价格及其催化剂出现的瞬间便立即采取行动，从而跟上这个速度越来越快、碎片 化严重加剧的股票市场。 据彭博行业研究统计，被称为0 -DTE（零天到期）的当日到期期权，目前已占到美国期权市 场总交易量的2 3%。0 -DTE合约目前贡献了 5 6%的SPX期权交易量 ，以及 近一半的D ...

12月5日，证监会主席吴清在人民日报发表署名文章《提高资本市场制度的包容性适应性（学习贯彻党 的二十届四中全会精神）》指出，着力提升资本市场监管的科学性、有效性。金融创新更新迭代快，具 有明显的顺周期性和强外溢性。要适应市场的快速发展变化，加快构建全方位、立体化的证券期货监管 体系，完善对金融创新活动的监测监管和风险应对机制。加强战略性力量储备和稳市机制建设，强化重 点领域风险和跨市场跨行业跨境风险防范化解，持续提升资本市场内在稳定性。运用好大数据、人工智 能等现代信息技术手段，高效识别违法违规线索和风险隐患。坚持依法监管、分类监管，严厉打击财务 造假、欺诈发行、市场操纵和内幕交易等恶性违法行为，维护公开公平公正的市场秩序。 ...

责任编辑：王永生 周三欧股集体高开，欧洲斯托克50指数期货上涨0.32%，德国DAX指数期货上涨0.21%，法国CAC 40指 数期货上涨0.12%，英国富时指数期货上涨0.06%。 责任编辑：王永生 周三欧股集体高开，欧洲斯托克50指数期货上涨0.32%，德国DAX指数期货上涨0.21%，法国CAC 40指 数期货上涨0.12%，英国富时指数期货上涨0.06%。 ...